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US beef could beat 17-years old record production

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An ISU livestock economist expects record U.S. production for beef, pork and poultry in his forecast for 2019.

Posted on Jan 11 ,04:19

US beef could beat 17-years old record production

US poultry, pork and beef could set new record production this year, according to a professor and livestock markets specialist from the Iowa State University (ISU), reports ISU news service.
Demand for US poultry and livestock is going to be high and only trade tensions could seed some uncertainties for the producers, explained Lee Schulz.
Pork and poultry sectors are poised for another record year, the seventh consecutive record year for poultry and the fifth consecutive year for pork, according to professor Schulz.
"Going forward as we look at 2019, pork exports are expected up 8%. That could be much higher or much lower, really, depending on sales to China and Mexico", he declared.
On the other hand, beef production could overpass the record established in 2002. "Beef producers have expanded aggressively the last several years. This year should beat the record beef production set in 2002", he added.
In his opinion, prices are going to stay at the same level as in 2018, but strong competition and large supplies could lead to a decrease in prices, especially in the domestic market.

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